Chinney Alliance Group Limited

Chinney Alliance Group Limited

HHKEX:385
0.32
HKD
+0.08
(+31.80%)
220.11MMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
5.38
6.41
7.65
7.68
9.41
10.17
8.77
8.31
11.43
9.91
10.05
12.93
10.92
- -
Basic EPS, GAAP
0.18
0.24
0.28
0.35
0.3
0.33
0.22
0.21
0.13
-0.02
0.04
0.09
-0.01
- -
Free Cash Flow per Basic Share
-0.02
0.25
0.47
0.15
0.06
-0.39
-0.12
-0.52
0.23
0.22
0.14
-0.1
0.02
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
1.31
1.6
2.07
2.38
2.72
3.08
3.24
3.37
3.56
3.51
3.54
3.5
3.45
3.5
Tangible Book Value per Share
1.3
1.59
2.05
2.35
2.7
3.06
3.22
3.34
3.54
3.48
3.52
3.48
3.43
3.48
Basic Weighted Avg Shares
595
595
595
595
595
595
595
595
595
595
595
595
595
595
Sales/Revenue/Turnover
3,201
3,813
4,552
4,571
5,596
6,048
5,220
4,942
6,800
5,898
5,982
7,692
6,498
- -
Operating Margin (%)
2.8
4.26
4.54
5.87
4.16
4.23
3.65
3.52
1.93
1.12
1.88
2.02
1.41
- -
Depreciation Expense
45
53
66
91
83
85
105
110
116
122
122
125
105
- -
Net Income, GAAP
105
142
169
210
177
196
131
124
77
-10
26
51
-3
- -
Effective Tax Rate (%)
9.41
14.14
18.02
15.55
17.82
17.79
21.75
13.56
27.02
61.14
25.81
27.08
54.51
- -
Profit Margin (%)
3.26
3.73
3.71
4.59
3.16
3.24
2.51
2.51
1.14
-0.17
0.43
0.66
-0.05
- -
Working Capital
142
250
511
761
981
1,190
1,261
1,126
1,128
1,108
1,149
1,243
1,267
1,243
LT Debt
5
4
3
2
1
- -
59
60
58
52
52
2
19
2
Total Equity
782
951
1,319
1,517
1,728
1,951
2,052
2,132
2,268
2,253
2,293
2,290
2,277
2,290
Return on Invested Capital (%)
8.44
11.93
11.69
14.26
10.73
10.42
6.53
6
3.47
0.71
2.53
3.2
1.27
- -
Return on Capital (%)
11.03
12.83
12.52
11.86
9.18
9.56
5.67
4.65
2.66
-0.98
0.8
1.84
-0.5
- -
Return on Common Equity (%)
14.65
16.42
15.51
15.89
11.66
11.35
6.96
6.31
3.75
-0.48
1.23
2.42
-0.14
- -

Capital Structure

HKD

•

in mil. unless spec.
Dec'23
Jun'24
Dec'24
ST Debt
722
875
1,008
LT Borrowings
- -
- -
- -
LT Finance Leases
52
48
2
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
595
595
595
Market Capitalization
211
202
220

Working Capital

HKD

•

in mil. unless spec.
Dec'23
Jun'24
Dec'24
Total Current Assets
4,296
4,661
4,953
Cash, Cash Equivalents & STI
1,071
1,065
1,043
Accounts Receivable, Net
1,472
719
1,586
Inventories
152
159
181
Total Current Liabilities
3,147
3,502
3,710
Payables & Accruals
- -
- -
- -
ST Debt
722
875
1,008
Deferred Revenue
- -
- -
- -

Growth Rates

HKD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.77%
1.36%
-0.54%
Free Cash Flow
-107.72%
-95.46%
-120.99%
Net Income, GAAP
-53.11%
-102.38%
-105.89%
Sales/Revenue/Turnover
5.07%
7.76%
-15.53%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
5,982
2024
- -
- -
7,692
2025
- -
- -
6,498

Semi-annual Earnings Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.04
2024
- -
- -
0.09
2025
- -
- -
-0.01

Semi-annual Dividends Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
- -
2024
- -
- -
- -
2025
- -
- -
- -

Company Description

CEO
Yuen Keung Chan
Full Time Employees
1,840
Sector
Industrial services
Industry
Engineering & construction
Address
Wing On Centre Hong Kong Hong Kong
IPO Date
Oct 15, 1993
Business
Chinney Alliance Group Limited (0385.HK) is a Bermuda-incorporated investment holding company principally engaged in building-related contracting services, foundation piling and ground investigation, building construction, aviation systems distribution, and trading of plastic and chemical products; it also undertakes property holding and development. The company operates through six main segments: Foundation Piling and Ground Investigation, via Chinney Kin Wing Holdings Limited (1556.HK) offering bored piles, rock-socketed steel H-piles, percussive steel H-piles, mini-piles, ground investigation, site formation, pile caps, footing, and excavation and lateral support works; Building Related Contracting Services, delivered by Shun Cheong Engineering Group providing electrical, HVAC, fire services, plumbing, drainage, security systems, water features, curtain walling, fitting out, alteration and addition works, building renovation, maintenance, and building services installation including robotics, EV charging networks, data centre infrastructure, and solar panel installations; Building Construction, through Chinney Construction Company Limited, Chinney Builders Company Limited, and Chinney Timwill Construction (Macau) Company Limited handling superstructure works; Aviation, under Chinney Alliance Engineering Limited distributing and installing aviation systems, weather radar, anti-drone technologies, electrical, mechanical, electronic, and IT systems for infrastructure projects; Plastic and Chemical Products, managed by Jacobson van den Berg (Hong Kong) Limited trading commodity and engineering plastics, pigments, additives, specialty chemicals, disinfectants, hygiene products under JcoNAT brand (including patented Onychomycosis treatment), and eco-friendly plastics; and Others encompassing property held for sale under development in Fanling, investment properties, and equipment leasing. The group serves public and private sectors including the Housing Authority, Civil Aviation Department, and Hong Kong Observatory, with primary operations in Hong Kong, Macau, Mainland China, and regional pursuits in the Greater Bay Area. Founded in 1993 and headquartered at 23rd Floor, Wing On Centre, 111 Connaught Road Central, Hong Kong, the company listed on the Hong Kong Stock Exchange in November 1993. In recent developments, Chinney Kin Wing advanced a HK$250 million loan to related company Chinney Investments Limited on 7 October 2024 at 6.0% per annum, approved by independent shareholders on 25 September 2024, with the term extended for another 12 months on 5 September 2025; this generated HK$7.5 million in interest income for the six months ended 30 June 2025. Ongoing connected transactions under the 2022 Revamp Framework Agreement with Honour Well Development Limited (an affiliate of Hon Kwok Land Investment Company Limited) for builder’s works (up to HK$96.3 million) and mechanical/electrical/façade works (up to HK$141 million) at 119-121 Connaught Road Central recognized HK$19.5 million in revenue during the same period. Operationally, Shun Cheong expanded into high-margin data centre projects, robotics for drilling/welding, EV charging, and its first solar panel contract; Chinney Kin Wing's DrilTech secured a marine site investigation contract and broadened laboratory testing services; Jacobson scaled JcoNAT hygiene products and mainland China e-business; the Fanling property development completed foundation works; and CAE won a HK$7.5 million Civil Aviation Department tender for air traffic control equipment, amid completion of third runway projects. For the six months ended 30 June 2025, the group reported revenue of HK$3,296 million and net profit of HK$36.4 million, with outstanding contract sums of HK$3,472 million (foundation), HK$2,548 million (building services), and HK$1,323 million (construction).